Crypto Market Sell-Off: Is It Time to Buy Bitcoin?

Even die-hard crypto investors are getting worried right now. Bitcoin (CRYPTO: BTC) is now down 18% from an all-time high of $109,000 in mid-January, and trades around the $89,000 level on March 3. That downtrend seemed unthinkable just a few months ago, when the election of a new pro-crypto president was supposed to send Bitcoin to stratospheric new highs.So is this a classic "buy the dip" opportunity for Bitcoin, or the end of the crypto bull market rally, as many investors and analysts are now warning? In order to answer that question, it's helpful to consider three key factors.Once you analyze Bitcoin's historical track record over more than a decade, one thing becomes immediately clear: A decline of 25% is pretty much par for the course for Bitcoin. For example, in the period from 2016 to 2018, as Bitcoin soared to a new all-time high, it had downturns of 38%, 38%, 33%, 38%, 36%, and 29% along the way.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool